Investments
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Citadel Credit Union to Host Webinar on Tax Planning Throughout the Wealth Cycle on May 8
Citadel Credit Union will host a webinar, entitled “The Tax Journey: Accumulation to Wealth Transfer,” on Wednesday, May 8 from 12-1 PM. Seth Borders, Senior Financial Advisor, will discuss: A Certified Financial Planner with more than 10 years in the industry, Borders works one-on-one with Citadel members and the local community to design and implement…
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Richest Man in South Korea, Michael Kim, Gifts Haverford College $25M
One of the richest men in South Korea Michael Kim, has just given Haverford College $25 million to found its Institute for Ethical Inquiry and Leadership, writes Susan Snyder for The Philadelphia Inquirer. Michael B. Kim, a Haverford College alumnus and an incoming college board chairman, leads a private South Korean equity firm. He’s been…
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Investors’ Concerns About America’s Bonds Intensify
Following a string of weak auctions for U.S. Treasurys, investors are becoming increasingly concerned that the market will not be able to absorb an incoming influx of government debt, writes Eric Wallerstein for The Wall Street Journal. A hotter-than-expected inflation report triggered a selloff that worsened last week, following weak demand for a $39 billion…
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First Quarter Brings Hope for Private-Equity Exits
While the number of private-equity exits is still stunted compared to a couple of years ago, first-quarter activity has shown some hints of improvement, writes Maria Armental for The Wall Street Journal. Thanks to The Home Depot’s soon-to-be-completed acquisition of building-materials supplier SRS Distribution, the overall value of U.S. private-equity exits rose to $62.77 billion…
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Here’s How Jeff Yass’ Bala Cynwyd Firm Makes Money From Trump’s Truth Social
Bala Cynwyd billionaire Jeff Yass’ company Susquehanna International Group (SIG) is making money from Donald Trump’s Truth Social network, writes Joseph N. DiStefano for The Philadelphia Inquirer. Yass’ company is a market maker. It quietly gets paid for matching buyers and sellers, raising funds for, and distributing profits from, publicly traded companies. SIG began collecting…
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‘A Major Narrative Change’: Exxon’s Surge Points to Market Shift Not to Be Ignored by Investors
Exxon Mobil’s surge throughout the year put the oil company on par with the leading tech stocks, pointing to an important shift in the market that should not be ignored by investors, in case the narrative changes again, writes James Mackintosh for The Wall Street Journal. When compared to the four top tech stocks, Exxon…
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Your Second Home Can Turn into a Tax Trap; Here’s How to Avoid It
While owning homes in several states is becoming more common, especially since the pandemic, it is important to be careful not to break state tax laws, writes Cheryl Winokur Munk for The Wall Street Journal. People often buy their second home in a lower-tax state with the intent of living there and saving on taxes.…
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Du Pont Family Member and Venture Capital Entrepreneur Hints Future Innovation at Longwood Gardens
A du Pont family entrepreneur is telling The Philadelphia Inquirer that people can expect to hear more about products and investments coming from Kennett Square’s esteemed Longwood Gardens, writes Joseph DiStefano for The Philadelphia Inquirer. Ben du Pont, the most prominent living family member, is using his venture capital fund Chartline Capital Partners to invest…
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Invest in Real Estate Without the Heavy Lifting Associated with Property Development, Renovation
There are plenty of ways to invest in real estate without having to deal with the complexities and heavy lifting that come with property development and renovation, according to MoneyWise. Fully managed residential real estate Do you trust the markets to take care of your future? In today’s economic environment, having options besides public stock,…
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Research Suggests Fees and Intermediaries Eat Up as Much as Half the Returns on Investments
The investing business is fueled by fees and intermediaries — mutual funds and stockbrokers — that can eat up as much as half of the wealth that could be achieved in a certain period, writes Jason Zweig for The Wall Street Journal. When you invest, there are always associated costs that can kill the returns.…
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‘Holding a Dollar in a Token Is Amazing’: Financial Firms Start Betting on Crypto
After years of hovering around the border of the world of cryptocurrencies, major financial firms now seem ready to fully embrace the crypto subculture, writes Alexander Osipovich for The Wall Street Journal. Last month, Larry Fink, chief executive of BlackRock, the largest asset manager in the world, said that he was a big believer in…
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How One School Traded Its Way to the Top of the University Endowment Performance Rankings
Led by a former trader, Baylor University managed to outperform the Ivy League and climb to the top of the university endowment performance rankings, writes Juliet Chung for The Wall Street Journal. Many universities distribute their funds across various assets and make periodic adjustments. Baylor, however, takes advantage of market moves frequently to either boost…
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King of Prussia-based SeventySix Capital Adds Another Managing Partner
King of Prussia-based SeventySix Capital has recently added Chad Stender as a new managing partner who will be leading the company next to founder Wayne Kimmel, writes Ryan Mulligan for the Philadelphia Business Journal. Stender, who founded SeventySix Capital’s Sports Advisory agency, has been with the company for over ten years and he previously held…
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2024 Outlook for Alternative Investments Foresees Challenges That Will Create Opportunities
Many of the issues that impact traditional investments also affect alternative investments, but among some of the challenges lie opportunities, write Stephen Dover and Tony Davidow for Franklin Templeton. Private Credit Last year provided both economic headwinds and private-credit tailwinds. Headwinds included rising rates, high inflation, a slowing economy, and tighter lending conditions. The tailwinds…
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Wyndmoor Native and Host of ‘Mad Money’ Returns to Pennsylvania
After spending decades away living in New York, host of the CNBC show “Mad Money” Jim Cramer has finally returned to his native state of Pennsylvania after buying a home in Quakertown, writes Jeff Blumenthal for the Philadelphia Business Journal. The last time Cramer called the Philadelphia area home was when he graduated from Springfield…
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Bryn Mawr Trust’s Andrew Davis Connects the Macroeconomic Dots to Provide His Outlook for 2024
As the Head of Macroeconomic Research at Bryn Mawr Trust, Andrew Davis takes pride in being responsible for the company’s macroeconomic views. His wisdom in portfolio analysis, economic indicators, and options strategies — gained from a career that includes work at SEI Investments, Moody’s Analytics, and the U.S. Bureau of Labor Statistics — enables him…
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Luxury Homes Now Getting Bigger, More Expensive Closets. Here’s What They’re Costing
Luxury homes are now getting bigger and more expensive closets as homeowners look to display their extensive fashion collections in more personalized and opulent spaces, writes Sarah Paynter for The Wall Street Journal. Closets are also serving as entertainment spaces with newly added seating areas and champagne bars. Many are holding closet-reveal parties once the…
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Navigating Wealth with Purpose: Invest in Communities, Reap Tax Benefits Through Qualified Opportunity Zones
The Qualified Opportunity Zone (QOZ) program, a gem nestled within the Tax Cuts and Jobs Act of 2017, is a testament to the power of innovative investment strategies that serve a dual purpose: fostering substantial economic growth and nurturing the seeds of social responsibility. As an affluent individual, your journey in wealth management is not…
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